Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1887-08-01
THE SITUATION VIEWED sY DUN.
Trade Not as pioom,ur as it Should

-H..SeE EL-.tu aH4-
Co. IS weekly review of trade says:
Foreign is still unsatisfact-
Dry while in domestic trade the usual
summer dizziness increased by n variety OF
causes. Large bank c~learings and rail
road earnings fail to reflect the present
state of business which is in. many
branches characterized by uncertainty
and hesitation. Railroad earnings, since
the inter stute law effected rates, afford
no reliable Indications OF the volume OF
traffic and publication of tonnage statist-
les has been to a large extent suspended,
which has significance. Low prices de
lay movement of swheat and injury to
corn, hay and some minor crops produces
uncertainty. Meanwhile foreign imports
at New York continue larger than last
year, while exports for four weeks past
have been s per cent. smaller and official
reports show an increase of 81, 0D0, 600 for
June in all imports, against a decrease of
nearly IS, 900, 900 in all exports. For
three months ending with June the ex-
cess of merchandise imported was IA
133, 392.
Wheat, corn, oats, oil. beef and hogs
are lower than a week ago. Red winter
wheat at 10 1-2 cents at New YORK, the
lowest July price on record, compares
with 76 to rs LIZ cents in November and
December, 1884, but with that exception
no lower price has been recorded in any
month for sixty-two years. Corn at Al
cents at New York and oats at 80 cents
and beef at an average, $4.35, do not en-
courage farmers to buy largely of the
products Of other industries. Specula.
ton in cotton halts since syndicate fail
ures, but prices have weakened again
and coffee yields a shade. dealers meeting
a light and uncertain distributive de
mand. Sugar rises a little, with the
publication of bullish statistics, spice
dealers complain that do not
come to time, and the handlers of rice are
not oyerworked. Oil fell to sd IA cents,
but has recovered u little. Coal agents
announce an advance of 10 cents for
August and that trade is supported by an
increasing demand.. Cotton goods meet
an unusually good demand and prices are
stiff; in woolens the orders scarcely suf-
fee to open the market, except in chev.
lots, which move at prices higher than
last year. In dry goods a fair trade is
noted.
interior reports nearly all note existing
dizziness, with hopes of large trade here
after. Money is in only fair demand
with no noteworthy change in rates, and
collections fair with improvement at one
or two points. The speculation in tobacco
begins to advance prices and the rubber
combination slowly progresses toward
completeness. The termination of the
coke strike sets most of the iron furnaces
at work and yet 1t is observed that actual
consumption of pig iron was smaller for
the first half Of 1887 than for the last
half of 1886. Still statistics show that
this country produced in 1886 over 3o
per cent. of the make in all countries,
Great Britain, under BIZ per cent, Ger
many 18 per cent, France 6 per cent. and
all other countries 10 per cent Revenue
statistics show a marked increase in con
sumption of beer and tobacco, and a de-
crease in spirits.
Stocks have been depressed with signs
OF WEAKNESS on the part of holders. The
treasury took in 81, 200, 600 more than it
paid out during thepast week. but money
is easy at 4 per cent, and foreign ex-
change unaltered. The recent decisions
of the interstate commission have not
cleared up the more embarrassing ques.
tions regarding rates on competitive
freight and charges of rate cutting on
trunk lines indicate want of agreement
In construction of the law, with some
disappointment as to the value of traffic.
The outlook is effected in some districts
by injury to crops from draught OF
storms, but all southern reports continue
favorable as to cotton. A great deal is
heard of real estate speculation at the
west and south, but at several points, as
at Omaha it is noticed that heavy build
ing operations ale in progress. The trans.
fer of floating into fixed capital has not
not yet ceased.
Der for the United States 1872, for Canada
90, a total of 1874, compared with a total
of 172 last week. and 179 the week previ.
Gus and 19a for the corresponding week
of last year.